SBI Group Net Profit for Q1FY10 at Rs. 2759 crores, up by 68.11 %
Mumbai, July 30, 2009:


 A new Product ‘’SBI Shakti’’ launched to mobilize CASA deposits.

 A special training programme called “SME GYANSHALA’’ to impart in depth knowledge to 5,000 officers handling MSE lending to speed up the disposal of proposals.

 SME CARE and SME Help were launched to meet the urgent requirements of SME units at concessional rates.

Rural Business:

 Bank had credit linked 13.73 lacs Self Help Groups as on 31st March 2009 and by 30th June 2009, more than 14 lacs SHGs were financed with credit deployment of Rs 8,300 crores.

 During the quarter, the Bank has opened 140 branches in rural and semi urban centres (68% of total branches opened during the quarter). The Bank plans to open a total of 800 branches during the year in rural and semi urban centres.

 SBI Tiny Card based on mobile communication and finger print verification has been rolled out in 20 states, covering 100 districts.

 Bank has surpassed the 10% benchmark for advances to weaker sections, achieving a total of 10.28%.

 SBI garnered 42% of incremental ASCB loans and 36% of incremental ASCB deposits in rural areas, the highest business growth among ASCBs.

Information Technology:

 100% Bank’s Business is now on Core Banking Solution. The Largest Bank in the World covering 11,888 offices on a single Core Banking Platform.

 Total number of ATMs of the Group as on 25th July 2009 stood at 14,196.

 2,151 ATMs and 154 branches were inaugurated, on line, on 12th July 2009 by the Hon’ble Finance Minister Shri. Pranab Mukherjee at Jangipur (West Bengal), the largest number of customer touch points launched by any Bank in the world on a single day.

 All the 16,279 branches of the State Bank Group have been networked.

 The Bank is in the forefront of promoting alternate payment channels and is 1st among all participants for RTGS.

International Banking:

 Bank was ranked # 1 as Mandated Lead Arranger and Book Runner for syndicated loans in the Asia Pacific Region excluding Japan and Australia for the quarter ended June 09.

 International Business is up by 28.69% YOY.

New Business Department:

 The Financial Planning and Advisory services initiative has been rolled out in 502 branches.

 The Bank has formed a wholly owned subsidiary called SBI Custodial Services Pvt Ltd to offer business of custodial services to its elite customers.

 Mobile banking services have been launched.

 SBI Pension Funds Pvt. Ltd posted a profit of Rs.14.93 lakhs during the quarter.

 Infrastructure fund set up with Macquarie and IFC. Initial commitment of US$ 887 mio received by the international segment as the first closing amount.

Government Business Unit

 14 Centralised Pension Processing Centres (CPPCs) have been established and all the Pension Accounts have been migrated from Branches to CPPCs (total 9,330 branches and 27,90,046 Pension Accounts up to 30th June 2009).

 The facility of e-payment of Railway Freight has been provided to 183 Corporates. At present 30% of the Railway Freight revenue is through this route.

 At present 51.01% of the total amount collected by SBI in Direct Taxes is through Internet Banking.

 Pilot for Refund Banker Scheme for electronic refund of Income Tax is operational at 6 big centres.

Project Finance SBU:

 Participated in funding of projects with a total cost outlay of Rs.88,294 crs involving debt requirement of Rs.46,529 crs during the quarter.

 SBI ranked world # 1 in mandated arranger in Q4 FY 09 (Source: Dealogic) by arranging Rs.17,245 crores for 8 deals with a market share of 13.7%. The world # 2 was a distant second, arranging deals of Rs.78.11 bn in 16 deals with a market share of 6.3%.


(This is a press release from State Bank of India)